Adani has slammed a private member’s bill introduced by the Greens Party that proposes to ban coal mining in the Galilee Basin region of Queensland.
The India-based company’s proposed Carmichael coal and rail project, in which $1.4 billion has already been invested, would be affected as part of the bill if it is introduced into law. The company has threatened legal action should the bill go ahead.
Greens MP Michael Berkman introduced the bill ahead of the Australian federal election, which is set to take place in May this year.
Adani Mining chief executive officer Lucas Dow said environmentalists in opposition to the Carmichael mine were placing symbolism ahead of the welfare of Queenslanders.
He also stated that stopping the mine from going ahead would not produce beneficial effects for the environment as demand would be met by other operations with lower-quality coal.
“Stopping the development of Carmichael mine and the Galilee Basin will simply not have the impact on global [carbon dioxide] emissions that has been wrongly claimed by activist groups,” said Dow.
“The fact is that if Queensland coal is not supplied to countries in Asia where demand for it is growing, it will be supplied from elsewhere. Demand from these developing economies is simply not going to stop as a consequence of preventing the opening of the Galilee Basin.”
The CEO told a hearing in Brisbane yesterday that the bill would also cause regulatory uncertainty and sovereign risk for Queensland that would extend beyond the Galilee Basin.
Adani received nearly 14,500 applications for positions at the mine in January, with over 5000 of those applications coming from unemployed people.